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CENTURY MUTUAL FUNDS, INC.0000100334falseACMF2013-07-252013-07-262013-07-26<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Investment Objective</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Investment Objective</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Investment Objective</b></font></p><p id="PARA130" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Investment Objective</b></font></p><p id="PARA126" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Investment Objective</b></font></p><p id="PARA112" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Investment Objective</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Investment Objective</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund seeks long-term capital growth. </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund seeks long-term capital growth. </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund seeks long-term capital growth.</font></p><p id="PARA131" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund seeks long-term capital growth. </font></p><p id="PARA127" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund seeks long-term capital growth. </font></p><p id="PARA113" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund seeks long-term capital growth. </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund seeks long-term capital growth. </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fees and Expenses</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fees and Expenses</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fees and Expenses</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fees and Expenses</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fees and Expenses</b></font></p><p id="PARA116" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fees and Expenses</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fees and Expenses</b></font></p><p id="PARA135" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The
following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales
charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in American Century Investments
funds. More information about these and other discounts, as well as variations in charges that may apply to purchases of $1 million
or more, is available from your financial professional and in <i>Calculation of Sales Charges</i> on page 13 of the fund's prospectus
and <i>Sales Charges</i> in <i>Appendix B</i> of the statement of additional information. The fund's B Class shares are not available
for purchase, except through exchanges and dividend reinvestments.</font></p><p id="PARA135" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The
following table describes the fees and expenses you may pay if you buy and hold
shares of the fund. You may qualify for sales charge discounts if you and your
family invest, or agree to invest in the future, at least $50,000 in American
Century Investments funds. More information about these and other discounts, as
well as variations in charges that may apply to purchases of $1 million or more,
is available from your financial professional and in <i>Calculation of Sales
Charges</i> on page 13 of the fund's prospectus and <i>Sales Charges</i> in
<i>Appendix B</i> of the statement of additional information.</font></p><p id="PARA135" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The
following table describes the fees and expenses you may pay if you buy and hold
shares of the fund. You may qualify for sales charge discounts if you and your
family invest, or agree to invest in the future, at least $50,000 in American
Century Investments funds. More information about these and other discounts, as
well as variations in charges that may apply to purchases of $1 million or more,
is available from your financial professional and in <i>Calculation of Sales
Charges</i> on page 13 of the fund's prospectus and <i>Sales Charges</i> in
<i>Appendix B</i> of the statement of additional information.</font></p><font style="font: 10pt Times New Roman, Times, serif">The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in American Century Investments funds. More information about these and other discounts, as well as variations in charges that may apply to purchases of $1 million or more, is available from your financial professional and in <i>Calculation of Sales Charges</i> on page 12 of the fund's prospectus and <i>Sales Charges</i> in <i>Appendix B</i> of the statement of additional information.</font><font style="font: 10pt Times New Roman, Times, serif">The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in American Century Investments funds. More information about these and other discounts, as well as variations in charges that may apply to purchase of $1 million or more, is available from your financial professional and in <i>Calculation of Sales Charges</i> on page 13 of the fund's prospectus and <i>Sales Charges </i>in <i>Appendix B </i>of the statement of additional information. The fund's B Class shares are not available for purchase, except through exchanges and dividend reinvestments.</font><font style="font: 10pt Times New Roman, Times, serif">The following table describes the fees and expenses you may pay if you buy and hold shares of the fund</font><font style="font: 10pt Times New Roman, Times, serif">The following table describes the fees and expenses you may pay if you buy and hold shares of the fund</font><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Example</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Example</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Example</b></font></p><p style="margin-top: 0pt; margin-bottom: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Example</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Example</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Example</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Example</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example
below is intended to help you compare the costs of investing in the fund with the costs of investing in other mutual funds.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example
below is intended to help you compare the costs of investing in the fund with the costs of investing in other mutual funds.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example
below is intended to help you compare the costs of investing in the fund with the costs of investing in other mutual funds.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example
below is intended to help you compare the costs of investing in the fund with the costs of investing in other mutual funds.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example
below is intended to help you compare the costs of investing in the fund with the costs of investing in other mutual funds.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example
below is intended to help you compare the costs of investing in the fund with the costs of investing in other mutual funds.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example
below is intended to help you compare the costs of investing in the fund with the costs of investing in other mutual funds.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Portfolio Turnover</b></font></p><p style="margin-top: 0pt; margin-bottom: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Portfolio Turnover</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Portfolio Turnover</b></font></p><p id="PARA246" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Portfolio Turnover</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Portfolio Turnover</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Portfolio Turnover</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Portfolio Turnover</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 62% of the average value of its portfolio.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 17% of the average value of its portfolio. </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 13% of the average value of its portfolio. </font></p><p id="PARA247" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 74% of the average value of its portfolio.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 72% of the average value of its portfolio.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 87% of the average value of its portfolio. </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 92% of the average value of its portfolio.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Investment Strategies</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Investment Strategies</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Investment Strategies</b></font></p><p id="PARA250" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Investment Strategies</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Investment Strategies</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Investment Strategies</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Investment Strategies</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Under normal market conditions, the fund will invest at least 80% of its assets in small cap companies. The portfolio managers consider small cap companies to include those with a market capitalization that does not exceed that of the largest company in the Russell 2000 Growth Index.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers look for stocks of smaller-sized companies they believe will increase in value over time, using an investment strategy developed by American Century Investments. In implementing this strategy, the portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that, over the long term, stock price movements follow growth in earnings and revenues. The portfolio managers' principal analytical technique involves the identification of companies with earnings and revenues that are not only growing, but growing at an accelerating pace. This includes companies whose growth rates, although still negative, are less negative than prior periods, and companies whose growth rates are expected to accelerate. In addition to accelerating growth, the fund also may consider companies whose stocks demonstrate price strength relative to their peers. This means that the portfolio managers favor companies whose securities are the strongest performers compared to the overall market. These techniques help the portfolio managers buy or hold the stocks of companies they believe have favorable growth prospects and sell the stocks of companies whose characteristics no longer meet their criteria.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers look for stocks of companies they believe will increase in value over time. The portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that, over the long term, stock price movements follow growth in earnings, revenues and/or cash flow. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers use a variety of analytical research tools and techniques to identify the stocks of larger-sized companies that meet their investment criteria. Under normal market conditions, the fund's portfolio will primarily consist of securities of companies whose earnings or revenues are not only growing, but growing at an accelerating pace. This includes companies whose growth rates, although still negative, are less negative than prior periods, and companies whose growth rates are expected to accelerate. Among other variables, the portfolio managers will consider a company's valuation and profitability. Other analytical techniques include evaluating stock price momentum, as well as identifying additional signs of business improvement, such as increasing cash flows, or other indications of the relative strength of a company's business. These techniques help the portfolio managers buy or hold the stocks of companies they believe have favorable growth prospects and sell the stocks of companies whose characteristics no longer meet their criteria.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Although the portfolio managers intend to invest the fund's assets primarily in U.S. securities, the fund may invest in securities of foreign companies.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers look for stocks of companies they believe will increase in value over time. The portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that, over the long term, stock price movements follow growth in earnings, revenues and/or cash flow.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers use a variety of analytical research tools and techniques to identify the stocks of larger-sized companies that meet their investment criteria. Under normal market conditions, the fund's portfolio will primarily consist of securities of companies whose earnings or revenues are not only growing, but growing at an accelerating pace. This includes companies whose growth rates, although still negative, are less negative than prior periods, and companies whose growth rates are expected to accelerate. Among other variables, the portfolio managers will consider the fund's growth and momentum profile relative to the benchmark. Other analytical techniques help identify additional signs of business improvement, such as increasing cash flows, or other indications of the relative strength of a company's business. In addition to accelerating growth and other signs of business improvement, the fund also considers companies demonstrating price strength relative to their peers. This means that the portfolio managers favor companies whose securities are the strongest performers compared to the overall market. These techniques help the portfolio managers buy or hold the stocks of companies they believe have favorable growth prospects and sell the stocks of companies whose characteristics no longer meet their criteria.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Although the portfolio managers intend to invest the fund's assets primarily in U.S. securities, the fund may invest in securities of foreign companies.</font></p><p id="PARA251" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers look for stocks of companies they believe will increase in value over time. In implementing this strategy, the portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that, over the long term, stock price movements follow growth in earnings, revenues and/or cash flow. </font></p>
<p id="PARA253" style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p id="PARA254" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers use a variety of analytical research tools and techniques to identify the stocks of larger-sized companies that meet their investment criteria. Under normal market conditions, the fund's portfolio will primarily consist of securities of companies demonstrating business improvement. Analytical indicators helping to identify signs of business improvement could include accelerating earnings or revenue growth rates, increasing cash flows, or other indications of the relative strength of a company's business. These techniques help the portfolio managers buy or hold the stocks of companies they believe have favorable growth prospects and sell the stocks of companies whose characteristics no longer meet their criteria.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers look for stocks of medium-sized and smaller companies they believe will increase in value over time, using an investment strategy developed by American Century Investments. In implementing this strategy, the portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that, over the long term, stock price movements follow growth in earnings and revenues. The portfolio managers' principal analytical technique involves the identification of companies with earnings and revenues that are not only growing, but growing at an accelerating pace. This includes companies whose growth rates, although still negative, are less negative than prior periods, and companies whose growth rates are expected to accelerate. In addition to accelerating growth, the fund also considers companies demonstrating price strength relative to their peers. This means that the portfolio managers favor companies whose securities are the strongest performers compared to the overall market. These techniques help the portfolio managers buy or hold the stocks of companies they believe have favorable growth prospects and sell the stocks of companies whose characteristics no longer meet their criteria. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p id="PARA269" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund will usually purchase common stocks of companies that are medium-sized and smaller at the time of purchase, but it can purchase securities of larger-sized companies as well. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Also, although the portfolio managers intend to invest the fund's assets primarily in U.S. securities, the fund may invest in securities of foreign companies.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers look for stocks of companies they believe will increase in value over time. In implementing this strategy, the portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that, over the long term, stock price movements follow growth in earnings, revenues and/or cash flow. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers use a variety of analytical research tools and techniques to identify the stocks of larger-sized companies that meet their investment criteria. Under normal market conditions, the fund's portfolio will primarily consist of securities of companies demonstrating business improvement. Analytical indicators helping to identify signs of business improvement could include accelerating earnings or revenue growth rates, increasing cash flows, or other indications of the relative strength of a company's business. These techniques help the portfolio managers buy or hold the stocks of companies they believe have favorable growth prospects and sell the stocks of companies whose characteristics no longer meet their criteria.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund is not permitted to invest in securities issued by companies assigned the Global Industry Classification Standard (GICS) for the tobacco industry.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The portfolio managers primarily look for stocks of medium-sized and smaller companies they believe will increase in value over time, using an investment strategy developed by American Century Investments. In implementing this strategy, the portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that, over the long term, stock price movements follow growth in earnings and revenues. The portfolio managers' principal analytical technique involves the identification of companies with earnings and revenues that are not only growing, but growing at an accelerating pace. This includes companies whose growth rates, although still negative, are less negative than prior periods, and companies whose growth rates are expected to accelerate. In addition to accelerating growth, the fund also considers companies demonstrating price strength relative to their peers. This means that the portfolio managers favor companies whose securities are the strongest performers compared to the overall market. These techniques help the portfolio managers buy or hold the stocks of companies they believe have favorable growth prospects and sell the stocks of companies whose characteristics no longer meet their criteria.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Although the portfolio managers intend to invest the fund's assets primarily in U.S. securities, the fund may invest in securities of foreign companies.</font></p>
<p style="margin-top: 0px; margin-bottom: 0px">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The fund is not permitted to invest in securities issued by companies assigned the Global Industry Classification Standard (GICS) for the tobacco industry.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Risks</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Risks</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Risks</b></font></p><p id="PARA256" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Risks</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Risks</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Risks</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Principal Risks</b></font></p><table id="TBL312" border="0" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, serif">
<tr>
<td style="width: 1.4%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><b><font style="font-size: 10pt">Growth Stocks</font></b><font style="font-size: 10pt">&#160;&#8211; Investments in growth stocks may involve special risks and their prices may fluctuate more dramatically than the overall stock market.</font>&#160;</font></p></td></tr>
<tr>
<td style="width: 1.4%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><font style="font-size: 10pt">&#8226;</font>&#160;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
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<tr>
<td style="width: 1.4%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><font style="font-size: 10pt">&#8226;</font>&#160;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><b><font style="font-size: 10pt">Style Risk</font></b><font style="font-size: 10pt"> &#8211;&#160;</font><font style="font-size: 10pt">If at any time the market is not favoring the fund's growth investment style, the fund's gains may not be as big as, or its losses may be bigger than, those of other equity funds using different investment styles.</font>&#160;</font></p></td></tr>
<tr>
<td style="width: 1.4%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><font style="font-size: 10pt">&#8226;</font>&#160;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><b><font style="font-size: 10pt">Foreign Securities</font></b><font style="font-size: 10pt">&#160;&#8211; The fund may invest in foreign securities, which can be riskier than investing in U.S. securities. Securities of foreign issuers may be less liquid, more volatile and harder to value than U.S. securities.</font>&#160;</font></p></td></tr>
<tr>
<td style="width: 1.4%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><font style="font-size: 10pt">&#8226;</font>&#160;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><b><font style="font-size: 10pt">IPO</font></b><font style="font-size: 10pt"> Risk</font><font style="font-size: 10pt">&#160;&#8211; The fund's performance may be affected by investments in initial public offerings.</font>&#160;</font></p></td></tr>
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<td style="width: 1.4%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><font style="font-size: 10pt">&#8226;</font>&#160;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><b><font style="font-size: 10pt">Market Risk</font></b><font style="font-size: 10pt">&#160;&#8211; The value of the fund's shares will go up and down based on the performance of the companies whose securities it owns and other factors generally affecting the securities market.</font>&#160;</font></p></td></tr>
<tr>
<td style="width: 1.4%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><font style="font-size: 10pt">&#8226;</font>&#160;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><b><font style="font-size: 10pt">Price Volatility</font></b><font style="font-size: 10pt">&#160;&#8211; The value of the fund's shares may fluctuate significantly in the short term.</font>&#160;</font></p></td></tr>
<tr>
<td style="width: 1.4%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><font style="font-size: 10pt">&#8226;</font>&#160;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font-size: 10pt"><b><font style="font-size: 10pt">Principal Loss</font></b><font style="font-size: 10pt">&#160;&#8211; At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the</font></font><font style="font: 12pt Times New Roman, Times, serif"> </font><font style="font: 10pt Times New Roman, Times, serif"><font style="font: 10pt Times New Roman, Times, serif">fund.</font>&#160;</font></p></td></tr></table>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"></font>&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. </font></p><table id="TBL275" border="0" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, serif">
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Growth Stocks</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211; Investments in growth stocks may involve special risks and their prices may fluctuate more dramatically than the overall stock market.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Style Risk &#8211;&#160;</b></font><font style="font: 10pt Times New Roman, Times, serif">If at any time the market is not favoring the fund's growth investment style, the fund's gains may not be as big as, or its losses may be bigger than, those of other equity funds using different investment styles.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Foreign Securities</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211; The fund may invest in foreign securities, which can be riskier than investing in U.S. securities. Securities of foreign issuers may be less liquid, more volatile and harder to value than U.S. securities.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Market Risk</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211; The value of the fund's shares will go up and down based on the performance of the companies whose securities it owns and other factors generally affecting the securities market.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Price Volatility</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211; The value of the fund's shares may fluctuate significantly in the short term.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211; At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p></td></tr></table>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. </font></p><table id="TBL272" border="0" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, serif">
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Growth Stocks</b>&#160;- Investments in growth stocks may involve special risks and their prices may fluctuate more dramatically than the overall stock market.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Style Risk</b>&#160;- If at any time the market is not favoring the fund's growth investment style, the fund's gains may not be as big as, or its losses may be bigger than, those of other equity funds using different investment styles.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Market Risk</b>&#160;- The value of the fund's shares will go up and down based on the performance of the companies whose securities it owns and other factors generally affecting the securities market.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Price Volatility</b>&#160;- The value of the fund's shares may fluctuate significantly in the short term.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Foreign Securities</b>&#160;- The fund may invest in foreign securities, which can be riskier than investing in U.S. securities. Securities of foreign issuers may be less liquid, more volatile and harder to value than U.S. securities.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b>&#160;- At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p></td></tr></table>
<p style="line-height: 1.25; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. </font></p><table id="TBL269" border="0" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, serif">
<tr>
<td style="width: 1.4%; vertical-align: top">
<p id="PARA257" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p id="PARA258" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Growth Stocks</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211; Investments in growth stocks may involve special risks and their prices may fluctuate more dramatically than the overall stock market.</font></p></td></tr>
<tr>
<td style="width: 1.4%; vertical-align: top">
<p id="PARA259" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p id="PARA260" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Style Risk</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211;&#160;If at any time the market is not favoring the fund's growth investment style, the fund's gains may not be as big as, or its losses may be bigger than, those of other equity funds using different investment styles.</font></p></td></tr>
<tr>
<td style="width: 1.4%; vertical-align: top">
<p id="PARA261" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p id="PARA262" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Market Risk</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211; The value of the fund's shares will go up and down based on the performance of the companies whose securities it owns and other factors generally affecting the securities market.</font></p></td></tr>
<tr>
<td style="width: 1.4%; vertical-align: top">
<p id="PARA263" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p id="PARA264" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Price Volatility</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211; The value of the fund's shares may fluctuate significantly in the short term.</font></p></td></tr>
<tr>
<td style="width: 1.4%; vertical-align: top">
<p id="PARA265" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p id="PARA266" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Foreign Securities</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211; The fund may invest in foreign securities, which can be riskier than investing in U.S. securities. Securities of foreign issuers may be less liquid, more volatile and harder to value than U.S. securities.</font></p></td></tr>
<tr>
<td style="width: 1.4%; vertical-align: top">
<p id="PARA267" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.5%; vertical-align: top">
<p id="PARA268" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b></font><font style="font: 10pt Times New Roman, Times, serif">&#160;&#8211; At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p></td></tr></table>
<p id="PARA270" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#160;</font></p>
<p id="PARA271" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. </font></p><table id="TBL288" border="0" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, serif">
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Growth Stocks</b>&#160;&#8211; Investments in growth stocks may involve special risks and their prices may fluctuate more dramatically than the overall stock market.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Mid Cap Stocks</b>&#160;&#8211; The fund invests in mid-sized and smaller companies, which may be more volatile and subject to greater risk than larger companies. Smaller companies may have limited financial resources, product lines and markets, and their securities may trade less frequently and in more limited volumes than the securities of larger companies, which could lead to higher transaction costs.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Style Risk</b>&#160;&#8211; If at any time the market is not favoring the fund's growth investment style, the fund's gains may not be as big as, or its losses may be bigger than, those of other equity funds using different investment styles.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p id="PARA280" style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p id="PARA281" style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Foreign Securities</b>&#160;&#8211; The fund may invest in foreign securities, which can be riskier than investing in U.S. securities. Securities of foreign issuers may be less liquid, more volatile and harder to value than U.S. securities.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p id="PARA282" style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Price Volatility</b>&#160;&#8211; The value of the fund's shares may fluctuate significantly in the short term.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Market Risk</b>&#160;&#8211; The value of the fund's shares will go up and down based on the performance of the companies whose securities it owns and other factors generally affecting the securities market.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p id="PARA286" style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p id="PARA287" style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b>&#160;&#8211; At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p></td></tr></table>
<p id="PARA290" style="line-height: 1.25; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p id="PARA291" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. </font></p><table id="TBL187" border="0" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, serif">
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Growth Stocks</b>&#160;&#8211; Investments in growth stocks may involve special risks and their prices may fluctuate more dramatically than the overall stock market.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Style Risk</b>&#160;&#8211; If at any time the market is not favoring the fund's growth investment style, the fund's gains may not be as big as, or its losses may be bigger than, those of other equity funds using different investment styles.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Tobacco Exclusion</b>&#160;&#8211; The fund's prohibition on tobacco-related investments may cause it to forego profitable investment opportunities.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Market Risk</b>&#160;&#8211; The value of the fund's shares will go up and down based on the performance of the companies whose securities it owns and other factors generally affecting the securities market.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Price Volatility</b>&#160;&#8211; The value of the fund's shares may fluctuate significantly in the short term.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Foreign Securities </b>&#8211; The fund may invest in foreign securities, which can be riskier than investing in U.S. securities. Securities of foreign issuers may be less liquid, more volatile and harder to value than U.S. securities.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b>&#160;&#8211; At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p></td></tr></table>
<p style="line-height: 1.25; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. </font></p><table border="0" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, serif">
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Growth Stocks</b>&#160;&#8211; Investments in growth stocks may involve special risks and their prices may fluctuate more dramatically than the overall stock market.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Mid Cap Stocks</b>&#160;&#8211; The fund invests in mid-sized and smaller companies, which may be more volatile and subject to greater risk than larger companies. Smaller companies may have limited financial resources, product lines and markets, and their securities may trade less frequently and in more limited volumes than the securities of larger companies, which could lead to higher transaction costs.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Style Risk</b>&#160;&#8211;&#160;If at any time the market is not favoring the fund's growth investment style, the fund's gains may not be as big as, or its losses may be bigger than, those of other equity funds using different investment styles.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Tobacco Exclusion</b>&#160;&#8211; The fund's prohibition on tobacco-related investments may cause it to forego profitable investment opportunities.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Market Risk</b>&#160;&#8211; The value of the fund's shares will go up and down based on the performance of the companies whose securities it owns and other factors generally affecting the securities market.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Foreign Securities</b>&#160;&#8211; The fund may invest in foreign securities, which can be riskier than investing in U.S. securities. Securities of foreign issuers may be less liquid, more volatile and harder to value than U.S. securities.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Price Volatility</b>&#160;&#8211; The value of the fund's shares may fluctuate significantly in the short term.</font></p></td></tr>
<tr>
<td style="width: 1.3%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif">&#8226;</font></p></td>
<td style="width: 98.7%; vertical-align: top">
<p style="text-align: left; line-height: 1.25; text-indent: -0.7pt; margin: 0pt 0pt 0pt 0.7pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b>&#160;&#8211; At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p></td></tr></table>
<p style="line-height: 1.25; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fund Performance</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fund Performance</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fund Performance</b></font></p><p id="PARA274" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fund Performance</b></font></p><p id="PARA294" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fund Performance</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fund Performance</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 18pt Times New Roman, Times, serif"><b>Fund Performance</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Investor Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance. Because the R6 Class is new, it is not included. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. For current performance information, please visit americancentury.com.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Sales charges and account fees, if applicable, are not reflected in the bar chart. If those charges were included, returns would be less than those shown.&#160;</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Investor Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance. Because the R6 Class is new, it is not included. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. For current performance information, please visit americancentury.com.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Sales charges and account fees, if applicable, are not reflected in the bar chart. If those charges were included, returns would be less than those shown.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Investor Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance. Because the R6 Class is new, it is not included. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. For current performance information, please visit americancentury.com.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Sales charges and account fees, if applicable, are not reflected in the bar chart. If those charges were included, returns would be less than those shown.</font></p><p id="PARA275" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Investor Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance. Because the R6 Class is new, it is not included. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. For current performance information, please visit americancentury.com.</font></p>
<p id="PARA277" style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p id="PARA278" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Sales charges and account fees, if applicable, are not reflected in the bar chart. If those charges were included, returns would be less than those shown.</font></p><p id="PARA295" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Investor Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance. Because the R6 Class is new, it is not included. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. For current performance information, please visit americancentury.com.</font></p>
<p id="PARA297" style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Sales charges and account fees, if applicable, are not reflected in the bar chart. If those charges were included, returns would be less than those shown.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Institutional Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance. Because the R6 Class is new, it is not included. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. For current performance information, please visit americancentury.com.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Institutional Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance. Because the R6 Class is new, it is not included. The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future. For current performance information, please visit americancentury.com.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Calendar Year Total Returns</b></font></p><p id="PARA289" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Calendar Year Total Returns</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Calendar Year Total Returns </b></font><font style="font: 10pt Times New Roman, Times, serif"></font></p><p id="PARA283" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Calendar Year Total Returns </b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Calendar Year Total Returns</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Calendar Year Total Returns</b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Calendar Year Total Returns</b></font><font style="font: 10pt Times New Roman, Times, serif"><b><br /></b></font></p><p style="margin-top: 0pt; margin-bottom: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Highest Performance Quarter&#160;
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<p id="PARA1946" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Lowest
Performance Quarter (3Q 2011): -25.36%&#160;</font></p>
<p id="PARA1948" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">As
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<p id="PARA1711" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Lowest
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<p id="PARA1713" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">As of June 30, 2013, the most recent calendar quarter end, the fund&#8217;s Investor Class year-to-date return was 7.42%.</font></p><p id="PARA1723" style="margin-top: 0pt; margin-bottom: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Highest Performance
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<p style="line-height: 1.25; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Lowest
Performance Quarter (4Q 2008): -22.91%&#160;&#160;</font></p>
<p style="line-height: 1.25; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><font style="font: 10pt Times New Roman, Times, serif">As
of June 30, 2013, the most </font><font style="font: 10pt Times New Roman, Times, serif">recent calendar quarter end,
the</font> <font style="font: 10pt Times New Roman, Times, serif">fund&#8217;s Investor Class year-to-date </font><font style="font: 10pt Times New Roman, Times, serif">return
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<p id="PARA1840" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Lowest
Performance Quarter (4Q 2008): -26.63%&#160;</font></p>
<p id="PARA1843" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">As
of June 30, 2013, the most</font> <font style="font: 10pt Times New Roman, Times, serif">recent calendar quarter end, the fund's
Investor Class year-to-date return was 11.13%.</font></p><p style="margin-top: 0pt; margin-bottom: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Highest Performance Quarter
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Performance Quarter (4Q 2008): -22.96%</font><font style="font: 12pt Times New Roman, Times, serif">&#160;</font></p>
<p id="PARA756" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">As
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quarter end, the fund's</font> <font style="font: 10pt Times New Roman, Times, serif">Institutional Class year-to-date</font> <font style="font: 10pt Times New Roman, Times, serif">return
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Quarter (1Q 2012): 16.67%&#160;</font></p>
<p id="PARA813" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Lowest
Performance Quarter (4Q 2008): -25.63%&#160;</font></p>
<p id="PARA816" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">As
of June 30, 2013, the most recent calendar quarter end, the fund's Institutional Class year-to-</font> <font style="font: 10pt Times New Roman, Times, serif">date
return was 11.59%.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Investor Class shares. After-tax returns for other share classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Investor Class shares. After-tax returns for other share classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font></p><p style="margin-top: 0pt; margin-bottom: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Investor Class shares. After-tax returns for other share classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font></p><p id="PARA365" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Investor Class shares. After-tax returns for other share classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font></p><p id="PARA383" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Investor Class shares</font><font style="font: 10pt Times New Roman, Times, serif">. </font><font style="font: 10pt Times New Roman, Times, serif">After-tax returns for other share classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Institutional Class shares. After-tax returns for other share classes will vary. The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Institutional Class shares. After-tax returns for other share classes will vary. The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Average
Annual Total Returns </b></font><font style="font: 10pt Times New Roman, Times, Serif">For the calendar year ended December 31,
2012&#160;</font></p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b></b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Average
Annual Total Returns </b></font><font style="font: 10pt Times New Roman, Times, Serif">For the calendar year ended December 31,
2012&#160;</font></p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b></b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Average
Annual Total Returns </b></font><font style="font: 10pt Times New Roman, Times, Serif">For the calendar year ended December 31,
2012&#160;</font></p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b></b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Average
Annual Total Returns </b></font><font style="font: 10pt Times New Roman, Times, Serif">For the calendar year ended December 31,
2012&#160;</font></p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b></b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Average
Annual Total Returns </b></font><font style="font: 10pt Times New Roman, Times, Serif">For the calendar year ended December 31,
2012&#160;</font></p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b></b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Average
Annual Total Returns </b></font><font style="font: 10pt Times New Roman, Times, Serif">For the calendar year ended December 31,
2012&#160;</font></p>
<p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b></b></font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 12pt Times New Roman, Times, serif"><b>Average
Annual Total Returns </b></font><font style="font: 10pt Times New Roman, Times, Serif">For the calendar year ended December 31,
2012&#160;</font></p>
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Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that you earn a 5% return each year, and that the fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that you earn a 5% return each year, and that the fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that you earn a 5% return each year, and that the fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that you earn a 5% return each year, and that the fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that you earn a 5% return each year, and that the fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p><p style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that you earn a 5% return each year, and that the fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p>.62.17.13.74.72.87.92You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in American Century Investments funds. More information about these and other discounts, as well as variations in charges that may apply to purchase of $1 million or more, is available from your financial professional and in <i>Calculation of Sales Charges</i> on page 13 of the fund's prospectus and <i>Sales Charges </i>in <i>Appendix B </i>of the statement of additional information. The fund's B Class shares are not available for purchase, except through exchanges and dividend reinvestments.</font>You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in American Century Investments funds. More information about these and other discounts, as well as variations in charges that may apply to purchases of $1 million or more, is available from your financial professional and in <i>Calculation of Sales Charges</i> on page 13 of the fund's prospectus and <i>Sales Charges</i> in <i>Appendix B</i> of the statement of additional information. </font>You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in American Century Investments funds. More information about these and other discounts, as well as variations in charges that may apply to purchases of $1 million or more, is available from your financial professional and in <i>Calculation of Sales Charges</i> on page 13 of the fund's prospectus and <i>Sales Charges</i> in <i>Appendix B</i> of the statement of additional information. </font>You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in American Century Investments funds. More information about these and other discounts, as well as variations in charges that may apply to purchases of $1 million or more, is available from your financial professional and in <i>Calculation of Sales Charges</i> on page 12 of the fund's prospectus and <i>Sales Charges</i> in <i>Appendix B</i> of the statement of additional information.</font></p><p id="PARA137" style="margin-top: 0pt; margin-bottom: 0pt"></p>You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in American Century Investments funds. More information about these and other discounts, as well as variations in charges that may apply to purchase of $1 million or more, is available from your financial professional and in <i>Calculation of Sales Charges</i> on page 13 of the fund's prospectus and <i>Sales Charges </i>in <i>Appendix B </i>of the statement of additional information. The fund's B Class shares are not available for purchase, except through exchanges and dividend reinvestments.</font>5000050000500005000050000<p id="PARA268" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b></font><font style="font: 10pt Times New Roman, Times, serif"> - At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p><p id="PARA268" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b></font><font style="font: 10pt Times New Roman, Times, serif"> - At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p><p id="PARA268" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b></font><font style="font: 10pt Times New Roman, Times, serif"> - At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p><p id="PARA268" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b></font><font style="font: 10pt Times New Roman, Times, serif"> - At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p><p id="PARA268" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b></font><font style="font: 10pt Times New Roman, Times, serif"> - At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p><p id="PARA268" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b></font><font style="font: 10pt Times New Roman, Times, serif"> - At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p><p id="PARA268" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif"><b>Principal Loss</b></font><font style="font: 10pt Times New Roman, Times, serif"> - At any given time your shares may be worth less than the price you paid for them. In other words, it is possible to lose money by investing in the fund. </font></p><font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.<font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.<font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.<font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.<font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.<font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.<font style="font: 10pt Times New Roman, Times, serif">An investment in the fund is not a bank deposit, and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.<font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Investor Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance.<font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Investor Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance.<font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Investor Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance.<font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Investor Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance.<font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Investor Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance.<font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Institutional Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance.<font style="font: 10pt Times New Roman, Times, serif">The following bar chart and table provide some indication of the risks of investing in the fund. The bar chart shows changes in the fund's performance from year to year for Institutional Class shares. The table shows how the fund's average annual returns for the periods shown compared with those of a broad measure of market performance.americancentury.comamericancentury.comamericancentury.comamericancentury.comamericancentury.comamericancentury.comamericancentury.comThe fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.<p id="PARA278" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Sales charges and account fees, if applicable, are not reflected in the bar chart. If those charges were included, returns would be less than those shown.</font></p><p id="PARA278" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Sales charges and account fees, if applicable, are not reflected in the bar chart. If those charges were included, returns would be less than those shown.</font></p><p id="PARA278" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Sales charges and account fees, if applicable, are not reflected in the bar chart. If those charges were included, returns would be less than those shown.</font></p><p id="PARA278" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Sales charges and account fees, if applicable, are not reflected in the bar chart. If those charges were included, returns would be less than those shown.</font></p><p id="PARA278" style="text-align: left; line-height: 1.25; margin: 0pt"><font style="font: 10pt Times New Roman, Times, serif">Sales charges and account fees, if applicable, are not reflected in the bar chart. If those charges were included, returns would be less than those shown.</font></p>Investor Class year-to-date returnInvestor Class year-to-date returnInvestor Class year-to-date returnInvestor Class year-to-date returnInvestor Class year-to-date returnInstitutional Class year-to-date returnInstitutional Class year-to-date return2013-06-302013-06-302013-06-302013-06-302013-06-302013-06-302013-06-30.1656.0742.09910.0960.1113.1002.1159<font style="font: 10pt Times New Roman, Times, serif">Highest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Highest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Highest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Highest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Highest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Highest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Highest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Lowest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Lowest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Lowest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Lowest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Lowest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Lowest Performance Quarter<font style="font: 10pt Times New Roman, Times, serif">Lowest Performance Quarter2003-12-312012-03-312012-03-312012-03-312010-09-302009-06-302012-03-31.2151.1725.1553.1591.1836.1577.16672011-09-302008-12-312008-12-312008-12-312008-12-312008-12-312008-12-31-.2536-.2182-.2150-.2291-.2663-.2296-.2563<font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Investor Class shares. After-tax returns for other share classes will vary.<font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Investor Class shares. After-tax returns for other share classes will vary.<font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Investor Class shares.
After-tax returns for other share classes will vary.<font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Investor Class shares. After-tax returns for other share classes will vary.<font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Investor Class shares. After-tax returns for other share classes will vary.<font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Institutional Class shares. After-tax returns for other share classes will vary.<font style="font: 10pt Times New Roman, Times, serif">The after-tax returns are shown only for Institutional Class shares. After-tax returns for other share classes will vary.The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font>Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font>Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font>Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font>Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font>Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font>Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.</font><div style="display: none">~ http://americancentury.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact acmf_S000006193Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div><div style="display: none">~ http://americancentury.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact acmf_S000006194Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div><div style="display: none">~ http://americancentury.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact acmf_S000006195Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div><div style="display: none">~ http://americancentury.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact acmf_S000006205Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div><div style="display: none">~ http://americancentury.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact acmf_S000006206Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div><div style="display: none">~ http://americancentury.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact acmf_S000010981Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div><div style="display: none">~ http://americancentury.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact acmf_S000010982Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>Prior to March 1, 2010, the A Class was referred to as the Advisor Class and did not have a front-end sales charge. Performance prior to that date has been restated to reflect this charge.Historical performance for C Class prior to its inception is based on the performance of Investor Class shares. C Class performance has been adjusted to reflect differences in sales charges, if applicable, and expenses between classes.Prior to September 4, 2007, this class was referred to as the Advisor Class and did not have a front-end sales charge. Performance has been restated to reflect this change.